Interest rates on deposits increases in June

Average interest rate on checking accounts in soums in June comprised 3.49%. The interest rate increased by 0.29 points in past month.

Average interest rate on 3-month soums deposit increased by 2.52 points and in June made up 18.42%.

Average interest rate on 6-month soums deposits increased by 2.63 points to 18.72%. Average interest rate on 12-month soums deposit in June decreased by 0.63 points compared to previous month to 16.53%.

Average annual interest rate on term deposits in soums in June made up 17.92, and increased by 1.46% compared to previous month. In June, average annual interest rate on term deposits in the US dollar was 6.78% or up 0.33 points compared to May. Average interest rate on term deposits in euro increased by 1.94 points and made up 6.66%.

Changes in soums deposits are connected to introduction of new deposits and positive change of interest rates in a number of banks of Uzbekistan. Leaders among them are Uzpromstroybank, Asakabank and Trastbank. Largest increase in rates are spotted in 3 month term deposits, with 8-10 points grow in a leading banks.

The investment company said changes in USD are not significant and related to suspension of some deposits. Increase in Euro deposits is explained by introduction of new deposits or change by Asaka Bank, Ipak Yuli Bank and Ipoteka Bank.

AFS Research gathers information from 27 main commercial banks based on publications in mass media and direct interaction. The review includes information on each bank, current and previous interest rates, changes, etc.

AFS–Research is investment company, rendering wide-scale services in capital markets. The main directions of the company’s activity are investment analytics, investment-banking services and investment consulting. Web-site of the organization: www.afs-research.com.